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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by quinlashon Jun 05, 2021 6:22pm
125 Views
Post# 33336550

Selling on Doubles

Selling on Doubles

If you see estimates that you like and the returns are "enough" to make the investment worthwhile you can always leave your sell order open for an extended period to see if it fills.  If you are unsure if you want to sell all your shares in the event some monsterous development occurs you can opt to post just a portion of your shares for sale.

The easiest example with be selling on doubles.  If you were forunate enough to start your position in 2020 while the Cannabis sector was both beaten up and largely ignored and you are sitting on a double (or better), you could post just enough shares for sale in order to pull out 100% of the cash you used to start the position.  The end result is that you would be left with half the shares (or more) with zero dollars being at risk on the investment.  You could also opt to sell enough shares to bring your average down to a new lower average that you see as being extemely low and one you would be very comfortable with for an extended hold time (eg years).

Anyhow, easy enough to do the math on a spreadsheet or scratch it out on paper.  Best to have your targets and trading plan worked out before you see your numbers appear during trading hours

GLTA

Q

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